Expert Insight into Fixed-Term Annuities

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No matter how old you are, it is never too early to plan for your retirement Here at Opal Wealth Management. our friendly. knowledgeable learn of pension advisers can help save you time. money and hassle by helping you plan your retirement now. We feel that as retirement approaches, you deserve to be able to concentrate on planning how to spend your time rather than on saving your hard-earned assets.


Once you retire, without an income built to support you for the rest of your life, those bills can mount up. leading to unnecessary stress and worry. With our industry knowledge and personal approach, we work with you to build a tailored financial plan, with the aim of giving you financial security in your retirement


Many savvy savers are torn between valuable final salary pensions and investing their hard-earned cash in the financial markets, which, if not guided by those in the know, can lead to losing money.

Naturally, there is no one-size-fits-all solution. What may be the right route for one client is unlikely to be the same for the next. At Opal Wealth Management, we fully assess your individual circumstances, your needs and your preferences. Being aware of your current situation helps us to help you work towards more profitable outcomes in a way that is right for you.    

A Pension is a Long term investment, the fund value may fluctuate and can go down.
Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax Legislation.

The Financial Conduct Authority does not regulate occupational pensions.

Flexible income for your retirement

1) Terms to suit you
With a fixed-term annuity, you’re not tied in for the rest of your life. That means more flexibility with your finances in the future.

2) Retirement income
A fixed-term annuity will provide you with an income for a set period of time. This gives you welcome peace of mind during your retirement.

3) Range of options
There are a range of fixed-term annuity product available. We’ll help you find the right one for your specific requirements.

Retirement income – on your terms

Fixed-term annuities offer the best of both worlds – a steady income during retirement, and the chance to review your finances once the term of the contract is complete. If you’re looking for reliable funding, but don’t want to commit to a lifetime annuity, it’s definitely an option to consider.

Opal Wealth Management are financial advisors in Wolverhampton. We help clients in the Midlands maximise their pension pay-outs, and to get the most out of their retirement years.

What is a fixed-term annuity?

A fixed-term annuity works in much the same way as any other annuity product. It provides you with an income during your retirement, and is paid for using funds from your pension pot. However, fixed-term annuities only last for a set number of years – this usually between three and 20. At the end of the term, you’ll receive a maturity amount, which can be invested into other pension products.

At our initial consultation, we’ll go through all the details of a fixed-term annuity with you, then help you to identify a product that best matches your needs. It’s important to note that, as with any annuity, once you’ve signed the contract, you won’t be able to cancel it. However, if you choose a shorter-term plan, the commitment will only last a few years.

Supporting your retirement

Opal Wealth Management are professional financial advisors in Wolverhampton, serving clients across the Midlands. We’re here to help you enjoy a financially secure retirement, while taking into account your unique circumstances and goals for the future.

There are several fixed-term annuity products, and it’s important to find the right one for your needs. At our consultation, we’ll discuss your current finances, and identify how much you want to invest in your annuity. Then, we’ll provide you with an idea of the income you can expect to generate from it in the coming years.

We’re Financial Conduct Authority-regulated and are appointed representatives of of Quilter Wealth Limited and Quilter Mortgage Planning Limited – a fact that we’re proud of. If you’d like to learn more about fixed-term annuities, get in touch with our team today via email or phone.


What is the benefit of investing in a fixed-term annuity?

The main advantage is that you’re not locked into it for a lifetime. If (once the term is complete) you decide you want to invest your pension funds elsewhere, you’re free to do so.

Are there any risks involved?

As with any financial product, there are some risks associated with fixed-term annuities. For example, if annuity rates fall during the term of your contract, you may receive a reduced maturity amount, which might not be enough to give you the level of income you require. We’ll talk you through the risks, to ensure you understand all the details.

How much income will I get?

You can choose the level of income you receive. However, if you select a higher income, your maturity amount will decrease accordingly.

As such, it’s important to weigh up what’s more important to you – a more generous monthly pay-out, or a larger lump sum at the end.

Can I get a joint annuity with my partner?

As with any annuity, there is the option to get a joint one with your partner. Get in touch with our team to find out more.

Make a start today

If you think a fixed-term annuity sounds like the right option for you, get in touch with the Opal Wealth Management team. We’ll answer any questions you might have, and help you to identify the right pension product for your requirements.

To make a start, get in touch with us today.

Contact our pensions adviser for further information and advice on pension and retirement planning

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